Bill Mitchell
How fast can you setup an LLC?
I have been wholesaling up until now using my name on the purchase and sale contracts. But I have been closing them regularly enough that I think its time to consider setting up an LLC.
Typically how long doe...
Aaron Montgomery
Questions to ask CPA/Lawyer
Hello everyone, and thanks in advance for your answers!My wife and I are just getting started in REI, and want to make sure we are off to a solid start. We’re planning to form an LLC, taxed as an S-Corp. to that end, ...
Mindy Jensen
House Flips hit 10-yr high! What do you think about the market?
Was anyone flipping houses back in 2008? I got caught mid-flip and my projected returns were cut in half when I finally sold.Fast forward to today, and flips made up more than 6% of home sales last year, according to...
Stephanie D.
Getting cold feet - help!
So we've got an accepted offer and have fulfilled all conditions. Had a bit of trouble with financing due to the type of foundation but that has now been resolved. But last night, just before our deadline, I wrote to ...
Ben Kirchner
Tiny Home renting for $25,000 net
I've been proposed a deal on investing in a Tiny Home, to be placed in New Bern, NC (Fairfield Bay). The person presenting me this deal is suggesting it could warrant up to $200 a night, through AirBnb. On the conse...
Shawn Coverdell
why am I spending time on quickbooks?
OK, this sounds like a silly question but I really want to know if this is necessary and why. We have 19 accuired 19 doors using the BRRRR method mostly. 4 duplexes and the rest are SFH's. Wife has spend many MANY hou...
Jonathan C.
Starting out with $40k cash, NO CREDIT, what's the best strategy?
Hi All,Newbie finally getting ready to pull the trigger, I have 40k cash to start out with BUT NO CREDIT + no income, meaning unable to get any conventional/bank loan. Need advice on where/how to start my RE journey. ...
Josh Foret
How critical is consistent income when using the "house-hack" duplex method?
I've read several of the blog's with regard to "house hacking" including @Scott Trench's experience with his first property as well as @Darren Sager's podcast on his duplex ventures, and I've decided this is the path ...
Jeff Byrne
Pay Off Student Debt or Invest While Paying it Down?
Hi All! I'm about to graduate college and I live in the Louisville, KY market. Rental properties are decently priced but our area is growing with the addition of Amazon and other big time employers moving this way. My...
Bill Kenny
need a ballpark rehab cost to determine if its a "buy"
I have the opportunity to purchase a 2 bed 1.5 bath home with a good bit of work needed.. need to determine the offer price.
ARV will be around 75k to 80k
needs:
1.outside drainage issues repaired...